GCash and PayPal 100 form a partnership to streamline freelancer payments in the Philippines.
Freelancers can now cash in their earnings via the GCash app after going through multinational online payment giant PayPal.
With this partnership between the financial technology companies, streamlining fund transfers have been set to ease remote work compensation.
According to the Department of Information and Communications Technology, there are approximately four million freelancers in the Philippines.
Among the many digital nomads, 59% have identified their occupation as virtual assistants. These remote workers possess a wide array of skills ranging from data entry, social media management, and video editing.
We have yet to see what’s in store to further streamline the transactions between the two companies. However, we’ll be sure to let our readers know of any further developments in the future.
But how do you guys feel about this partnership between GCash and PayPal? Will it be better for our remote workers? Let us know in the comments below!
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
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CS says:
Im using Paypal ti Gcash and theres 1% transaction fee.
Basty says:
This is not not new. Gcash have a paypal cashin option for how many years now. The only difference is Gcash now charge 1% for 🥵
Cs says:
So true. Haha
Imran Khan says:
222111
03265871985 says:
111222
Maq says:
Depends on the “convinience fee” when you transfer funds / salary.
Reynante Aquino says:
Great owsome
Huss says:
I believe this has been around before this article’s published.
Suleman Anwar says:
It’s great news for Philippines freelancers. I am.sure this will solve lot of there payments related issues.
Dear Author, could you please share what will be flow for the users
Justin says:
So users will now be subject to ridiculous currency conversion rates and fees from BOTH companies. Nice!
Mark says:
Gcash is garbage. I prefer using my credit cards
Jim says:
I was a freelancer back in 2020-2021, I’ve already been transferring my Paypal funds to GCash. What’s new here?
Abe Olandres says:
They removed it then brought it back again.